Urban Finance and Social Security System Construction

Author: Wang Jing
Publisher:
Publish Date: 2006-05-01
Features: Among all urban public issues, social security has become the core of urban problems due to its direct impact on the interests and common welfare of every economic entity in the city. The relationship between social security and urban finance can be simply summarized as follows:
1. Under market economy conditions, social security is the primary task to be addressed by public finance.
2. Regardless of how high our expectations are for the government to resolve issues of social justice or wealth disparity, the ultimate sustainability of the social security system still relies on urban finance.
3. For transitional countries, the transformation of fiscal systems and objectives directly affects the role of the social security system in public affairs and its ranking in fiscal expenditures.
4. If the social security system is a crucial means to address urban social justice, elevate the overall social welfare level, and achieve sustainable urban development, then urban finance is the "boss" that ultimately foots the bill for this tool. In countless invoices named "public affairs" and submitted to urban finance, the position of the urban social security system depends on multiple factors, such as: the urban economic system and type, per capita income in the city, the role of the urban government and urban fiscal functions, etc. The last factor is currently a weak point in related research fields and is also the focus of this book.